Robert Restrepo Jr., CEO of State Auto Financial, bought 3,980 shares of State Auto Financial (Stock Symbol: STFC) at $21.22 per share for a total amount of $84.5 million on Mar 6, 2014.
State Auto Financial is headquartered in Columbus, Ohio.
On March 7, 2014, State Auto Financial declared a regular quarterly cash dividend of $0.10 per share, payable March 31, 2014, to shareholders of record at the close of business on March 19, 2014. This is the 91st consecutive quarterly cash dividend declared by the company’s board since STFC had its initial public offering of common stock in 1991.
On February 20, 2014, State Auto Financial announced its latest quarterly results. State Auto Financial Corporation (STFC) reported fourth quarter 2013 net income of $16.4 million, or $0.40 per diluted share, versus net income of $20.9 million, or $0.51 per diluted share, for the fourth quarter of 2012. Net income from operations 1 per diluted share for the fourth quarter 2013 was $0.28 versus net income from operations 1 of $0.38 for the same 2012 period.
According to Capital IQ, State Auto Financial has a market cap of $189.74 billion, an enterprise value of $218.41 billion, and trailing 12 month revenues of $99.75 billion.
State Auto Financial Corporation, through its subsidiaries, writes personal and business lines of insurance. The company operates through four segments: Personal insurance, Business insurance, Specialty insurance, and Investment operations. The Personal insurance segment primarily provides personal automobile and homeowners insurance products to the personal insurance market. The Business insurance segment offers commercial automobile, commercial multi-peril, fire and allied lines, and general liability insurance covering small-to-medium sized commercial exposures in the business insurance market. The Specialty insurance segment provides commercial coverages that require product underwriting, claims handling, or risk management services. The Investment operations segment offers investment portfolio management services. State Auto Financial Corporation markets its insurance products primarily through independent agencies, which include retail agencies and wholesale brokers in the United States.
Robert Restrepo Jr.’s most recent annual compensation from State Auto Financial is a salary of $1,280,000, $1,374,410 in other compensation, and a total compensation of $780,000. Mr. Restrepo is 63 years old.
According to his biography, Mr. Robert P. Restrepo, Jr. has been a director since 2006, when he was appointed to the Board in connection with being retained as President and Chief Executive Officer of the Company. Mr. Restrepo has served as the Chairman of the Board, President and Chief Executive Officer of the Company, State Auto Property & Casualty Insurance Company (“State Auto P&C”) and Milbank Insurance Company (“Milbank”), each a wholly owned subsidiary of the Company, and of State Auto Mutual, since 2006.
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